« previous next »

Author Question: A contra-asset is deducted from the related asset on the balance sheet. a. True b. False ... (Read 178 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: Jul 5, 2018
A contra-asset is deducted from the related asset on the balance sheet.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Which of the following accounts would be least likely to appear in an Enterprise Fund statement of net position (balance sheet)?
 
  a. cash and cash equivalents
  b. general obligation bonds payable
  c. net investment in capital assets
  d. equipment acquired under capital leases


duke02

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

The niche of Spartina anglica is related to tidal fluctuations. The niche of Spartina anglica is related to tidal fluctuations.
True Forget-Me-Not True Forget-Me-Not
Which is TRUE about the alternation of generations cycle that is diagramed above? Which is TRUE about the alternation of generations cycle that is diagramed above?
Draping for a woman’s chest. A. Place a towel over the sheet on the upper chest. B. Hold the towel ... Draping for a woman’s chest. A. Place a towel over the sheet on the upper chest. B. Hold the towel ...
The Concept of Water Balance The Concept of Water Balance
Protein Needs Are Determined by Nitrogen Balance in Your Body Protein Needs Are Determined by Nitrogen Balance in Your Body
Video: Protein catabolism - deamination

For a complete list of videos, visit our video library